XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 533 | Metals Mine

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XAU/USD & XAG/USD - Gold & Silver Traders Thread

  • #10,641
  • Sep 22, 2011 5:14am Sep 22, 2011 5:14am
and what is with silver?
  • #10,642
  • Sep 22, 2011 5:21am Sep 22, 2011 5:21am
Quoting stevebalmmer
and what is with silver?
silver is on the way to 37 and possible 33. 33 does look like a real possibility actually.
  • #10,643
  • Sep 22, 2011 5:22am Sep 22, 2011 5:22am
Quoting ruffryders
silver is on the way to 37 and possible 33. 33 does look like a real possibility actually.
I do like fast and furious bear markets

If 1750 gives way on XAU - what's the next hurdle? Sorry no charts at work but manually trailing my stop on the phone app.
Anything can happen.
  • #10,644
  • Sep 22, 2011 5:28am Sep 22, 2011 5:28am
Quoting ddinnov
I do like fast and furious bear markets

If 1750 gives way on XAU - what's the next hurdle? Sorry no charts at work but manually trailing my stop on the phone app.
http://img12.imageshack.us/img12/503...h422092011.png

Only one chart I'm watching is XAU USD H4. 1700 up next very soon.
  • #10,645
  • Sep 22, 2011 5:35am Sep 22, 2011 5:35am
Guys Are you SURE that gold will go lower than 1750?
  • #10,646
  • Sep 22, 2011 5:40am Sep 22, 2011 5:40am
Quoting Ravissek
Guys Are you SURE that gold will go lower than 1750?
No one can ever be sure of anything. But what does the price behaviour and momentum look like to you?

Looking at your charts can you see any previous support or other reasons for this level to hold?
Anything can happen.
  • #10,647
  • Sep 22, 2011 5:41am Sep 22, 2011 5:41am
you mean, silver is go down till 33?
Quoting ruffryders
silver is on the way to 37 and possible 33. 33 does look like a real possibility actually.
  • #10,648
  • Sep 22, 2011 5:42am Sep 22, 2011 5:42am
Quoting ddinnov
No one can ever be sure of anything. But what does the price behaviour and momentum look like to you?
Looks Like it cant Turn anytime UP or DOWN.Last time I opened short on 1760 cca it turns up...and I lost more..
  • #10,649
  • Sep 22, 2011 5:44am Sep 22, 2011 5:44am
Quoting Ravissek
Guys Are you SURE that gold will go lower than 1750?
of course they are not
  • #10,650
  • Sep 22, 2011 5:46am Sep 22, 2011 5:46am
http://img199.imageshack.us/img199/2...d122092011.png

here's XAGUSD D1 chart. 37 and 33 are visible on the line.
  • #10,651
  • Sep 22, 2011 5:47am Sep 22, 2011 5:47am
Quoting stevebalmmer
you mean, silver is go down till 33?
that's a real possibility right now.
  • #10,652
  • Edited 6:08am Sep 22, 2011 5:51am | Edited 6:08am
Quoting Ravissek
Looks Like it cant Turn anytime UP or DOWN.Last time I opened short on 1760 cca it turns up...and I lost more..
Please don't take offence from this but I recommend you don't put on any more live positions and stop trading live until you either:

1. Develop a method/system to make consistent profits yourself
2. Give your money to someone else to trade for you.

Following calls and asking what to do on forums is no way to try and make money. If you choose option 1 (which I hope you do) there are plenty of good people in this thread who I'm sure will be more than willing to help you.

First and foremost I'd focus on preservation of capital before building it and make every loss a learning opportunity.

1750 breached
Anything can happen.
  • #10,653
  • Sep 22, 2011 6:31am Sep 22, 2011 6:31am
looks like 1750 will be holding ?

hope it does. i need to make profit on my long position....

it can fall after that if it wishes, once i have made my profit ...!

i aint got a clue why iam entering longs when the market is falling !

silly me.....need to get over this bullish trading mentality.


  • #10,654
  • Sep 22, 2011 6:35am Sep 22, 2011 6:35am
im waiting to see if it drops more to go long and buy a few lots

cant upload my charts but they were pointing me to possible 1733

i want to clarify that long i see gold breaking 2k easily but i see bearish trend for now
  • #10,655
  • Sep 22, 2011 6:39am Sep 22, 2011 6:39am
whats happening today. the markets are collapsing everywhere. entire range is collapsing...gold, gu, eu, brent, dow jones..., the whole lot.

its a disaster everywhere.


i got a text from a friend yesterday who is a trader, he suggested i buy the dow jones. i looked at the charts and said there is no way iam buying the dow jones. good thing i didnt. the dow jones has fallen - 265 points so far today ! would have been slaughtered if i had bought it.


no matter what others say i always stick to my own judgement and decide for myself. and it usually pays off.
  • #10,656
  • Sep 22, 2011 6:49am Sep 22, 2011 6:49am
Quoting Bemac
...
I just care about Timing.
Time to Get IN & Time to get OUT.
Currently I am Flat Gold. (btw. I was scoffed at by some back in April when I suggested Gold could move from 1,4xx to 1,600)

NOW:
I think we need further Cleansing before we decide IF The Bull Run is Done.
Not a market I am willing to Med Term Trade or even consider Long Term Trading atm.

I will observe to see if 1,745 comes into play. If so...
~1,720 becomes a Target & then ~1,690.

That's where I will get Really interested.
Attachment

Until then, I will sate...
1,745 (6) Traded
Attached Image (click to enlarge)
Click to Enlarge Name: sept 22 1,745 covered.gif Size: 36 KB


B
  • #10,657
  • Sep 22, 2011 6:51am Sep 22, 2011 6:51am
Quoting TradingB
Hi all. First post here, but I have been following this thread for a while. Im a regular user of this site and many similar others............

I would like to hear your opinions as well on this.
Beliefs alone will not make price go higher. Supply and demand move prices.

And right now supply is beating down demand, no matter what the news is.
  • #10,658
  • Sep 22, 2011 6:58am Sep 22, 2011 6:58am
Quoting SunTrader
Beliefs alone will not make price go higher. Supply and demand move prices.

And right now supply is beating down demand, no matter what the news is.
true

i see short term bearish, dont worry, im no blind 'bull'

but long term, lets say a few months from now, i see gold as a sure bet
  • #10,659
  • Sep 22, 2011 7:02am Sep 22, 2011 7:02am
Quoting ruffryders
....Can't see good reasons to buy just yet - both technically and fundamentally.
If you can't see good reasons to buy maybe that's the reason to buy I think
You got to know when to hold 'em, know when to fold'em
  • #10,660
  • Sep 22, 2011 7:04am Sep 22, 2011 7:04am
Quoting SunTrader
Beliefs alone will not make price go higher. Supply and demand move prices.

And right now supply is beating down demand, no matter what the news is.
i wish i could drill that into my clients head. he trades every good news (for gold) without consulting technical analysis. it would have been ok but his fundamental analysis is based on.... "i feel it's going to go higher this time"
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